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<br />Attachment 4 <br />Affordable Housing Program <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County C ra olina,I the following cap'i alt project is <br />13.2 of Chapter 159 of the General Statutes of North <br />hereby adopted. <br />Section 1.The project authorized provides funds to elo dment, lagd holmeownershfpollowi The <br />categories: land acquisition, housing de p <br />project is financed by proceeds from the 1997 voter approved bond referendum <br />and from Affordable Housing Trust funds. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br />Through FY Through FY <br />2001-02 FY 2002-03 2002-03 <br />Sales Tax '"" <br />500 <br />287 <br />$1 <br />$345,000 <br />$1,632,500 <br />Bond Funds , <br />, <br />$0 $15,000 $15,000 <br />Grant Funds $0 $0 $0 <br />Private Placement <br />$0 $0 $0 <br />Fees <br />Housin Trust Funds $50,000 <br />$0 <br />000 <br />$360 <br />$50,000 <br />$1,697,50 <br />Total Fundin $1,337,500 , <br />Section 4.The following amount is appropriated for this project: <br />